Grand Prairie Investment Property

Great Rental Property, Occupied

Assignment contract offered for sale by wholesaler for the Property located at

2929 Nueva Tierra St, Grand Prairie, TX 75052
Tenant Occupied, Please Do not Disturb Tenants, Schedule access

3 beds2 baths1,336 sqft (plus addition)

Yr Built: 1972

ARV: $167,000+

Asking Price $125,000

Repairs (est): $15k – 20K

Rents comps at $1450/mo

video: https://youtu.be/U9ZbVxF05zM

Investment Analysis PDF

Here is a great buy & hold opportunity in Grand Prairie. House needs some cosmetic updating. The property is currently occupied by tenants paying $1220/mo (below market). Rent comps in the area justify $1450/mo. With this purchase you are annualizing a 12% gross yield!

For more info and to schedule access, contact Justin @ 214-922-1970 or email justin@2020rei.com


FINANCING AVAILABLE on this and all of our investment properties from 3L Finance.  Call Mike now at 972-737-1850 to find out which loan is for you.

  • Loan Amount:  90% of purchase price + Rehab Amount:  90%-100%
  • Total Loan Amount (Purchase + Rehab):  Not to exceed 70% ARV
  • Interest Rate: 12%
  • Origination Fee: 2%
  • Term: 6 months
  • Other charges:  No other fees.  No appraisal required.  No underwriting/processing fees.

pic coming soon

Financials

  • After Repaired Value: 167,000 
  • Estimated Rehab: 15,000 
  • Price: 125,000 
  • Deposit: 5,000 
  • Terms: cash or cash-like financing 
  • Estimated Rent: 1450 

Property

  • Address: 2929 Nueva Tierra St, Grand Prairie, TX 75052, USA 
  • Bedrooms:
  • Bathrooms:
  • Garage:
  • SqFt: 1336 
  • Subdivision: Vista Grande Estates 
  • Area: Beltline / Warrior Trail 

Contact Information

  • Phone Number: 214-922-1970 
  • Contact Name: Justin 
  • Contact User Name: justin@2020rei.com 
  • Date Listed: 12/2/2017 

Lease Terms

Month to Month Tenant, 1220/mo

School

GP ISD

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